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Airline ETF Withstands Rising Oil Prices

from Benzinga

 

There is a long-standing theory that airline stocks are vulnerable to rising oil prices and the United States Oil Fund (USO) is up over 22 percent since the beginning of the fourth quarter as of November 29, 2017. Fortunately, airline stocks are holding strong this holiday season. For instance, the US Global Jets ETF (JETS) has gained slightly more than 8 percent in the fourth quarter as of November 29.

 

READ THE ARTICLE FROM BENZINGA

 

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U.S. Global Investors has authored and is responsible for the summary on this page.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month, visit www.usglobaletfs.com for the U.S. Global Jets ETF or visit http://www.uscfinvestments.com/uso for the United States Oil Fund (USO).

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